'We are not satisfied with the reasons. There should be some discussion and genuine reasons as to why petroleum products cannot be brought under the GST regime.'
Tag: petroleum products
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Parliamentary panel members question top government officials over rising prices of petroleum products
By PTI
NEW DELHI: Several members of a parliamentary panel on Thursday questioned top Petroleum Ministry officials over rising prices of petroleum products and what is being done to check it, sources said.Petroleum Secretary Tarun Kapoor and top officials of state-run firms IOCL, BPCL, HPCL and GAIL appeared before the Parliamentary Standing Committee on Petroleum and Natural Gas Affairs.
Several committee members, primarily those from opposition parties, posed questions on the frequent rise in prices of petroleum products and said that it was severely impacting household budget of common people, according to the sources.
Ministry officials told the panel that prices of petroleum products are linked to international crude prices, sources said.
A member from the opposition strongly countered the officials’ argument and said that even when the international crude prices come down, the prices in domestic market remain on the higher side, sources said.
Some members also said the decision on revising petroleum prices is often taken based on elections.
According to the sources, it was raised in the meeting that petrol price is above Rs 100 per litre in as many as seven states while it is hovering around Rs 100 in many others.
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Three ‘suicidal’ steps of Narendra Modi government
The Lok Sabha elections have less than 8 months left, the assembly elections in three major states of Madhya Pradesh, Rajasthan and Chhattisgarh are on the head. In such a situation, the fall of the popularity of Prime Minister Narendra Modi is a matter of grave concern for the ruling party. But, behind the decreasing popularity of Modi, nobody is being considered as some of the major steps taken by the Central Government, due to which they may have to face difficulties in the coming elections. Politicians are also giving the names of the Modi government’s decision ‘suicidal’ steps. These are big decisions which can derail the BJP’s power train from not only states but also at the center. Come, know, what are the suicidal steps of the Central Government that can harm them …
Noteben: Prime Minister Narendra Modi announced the closure of 1000 and 500 rupees notes as on November 8, 2016, the entire country chaos created. Despite being engaged in long lines, people supported Modi’s decision. But, when the Reserve Bank recently told that 99.3% of the amount came back to the banks, then the Opposition and Finance analysts questioned what happened to ‘black money’ when almost the entire amount came in banks? On the other hand, during the raids in Tamil Nadu, 100 crores of cash and 100 kg gold was recovered during the raid, many other places when cash was recovered in crores, even then people questioned how these new notes came to these people? Now people have started to feel that black money has not ended, they are worried only in unemployment. GST: The government’s decision to implement GST also made people angry. The government is also not stable at the rates of GST. While the traders are angry about the process, the common man is upset that despite lowering the tax rates, he did not get the benefit of lower prices. Various companies either to the consumer Taxes did not give the benefit or increased the price of your product. Petroleum products, on the other hand, are still outside the scope of GST and their prices are constantly touching new heights. This is the common man’s mercury. Since the arrow has now come out of the command, it would be interesting to see how the BJP can manage the voters in the coming assembly elections and the Lok Sabha elections of 2019, or the boat of power will be submerged in the middle instead of being shore .